Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Wall Street Analysts Weigh in on Latest NFP Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Add as a preferred source on Google
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2421
Kijun-Sen- $2426
Gold hits fresh all-time high after dismal US retail sales. It hit a high of $2482 at the time of writing and is currently trading around $2474.
US economic data
US retail sales - weak (positive for gold)
Market eyes US building permits and Industrial production for further direction.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 91.6% from 69.70% a week ago.
US dollar index- Bearish. Minor support around 104/103. The near-term resistance is 105/106.20.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2460, a break below the target of $2440/$2410/$235. The yellow metal faces minor resistance around $2485 and a breach above will take it to the next level of $2500.
It is good to buy on dips around $2460-61 with an SL of around $2440 for a TP of $2500.
